We use cookies and other technologies for functionality, security, and to provide you with a personalized experience on our online services. By continuing to use our online services, you agree to our Privacy Policy and Terms of Use. For information on how to adjust your privacy settings, visit our Cookie Policy.
Dismiss
Home PE Greater Summerside Summerside
316 Water Street
Directions Print
316 Water Street $849,000
$849,000
Hide
Favourite

316 Water Street
Summerside, Prince Edward Island C1A0A6

MLS® Number: 202420995

Listing Description

Prime Commercial Condo Unit in Historic Downtown Summerside This is a rare opportunity to own a prime commercial condo unit in one of Summerside's most sought-after locations. Situated in a historic building on a bustling corner in downtown Summerside, this property boasts approximately 5600 square feet of versatile space with endless possibilities for your business. The unit offers a unique blend of old-world charm and modern convenience, with large windows that flood the space with natural light and offer stunning ocean views. Whether you're looking to expand your retail footprint, open a new office, or create a mixed-use space, this property is the perfect canvas for your vision. A significant advantage of this property is the presence of a long-term tenant who wishes to remain, providing immediate rental income to help offset your expenses. This existing tenant ensures a steady cash flow while you develop the vacant portion of the unit to suit your needs. The condo unit includes six assigned parking spaces, ensuring easy access for both you and your clients. A full-access loading dock at the back of the building makes operations smooth and convenient, while an additional 778 square feet of basement storage provides ample room for inventory,supplies or potential expansion. Located next to a busy coffee shop and with modern residential condos above, this property is at the heart of a vibrant community. The Summerside boardwalk is just steps away, attracting foot traffic and increasing your business's visibility. Condo fees are $2,231 per month, covering heating, exterior maintenance, window washing, snow removal, and general upkeep, allowing you to focus on what matters most?your business. Don't miss out on this exceptional opportunity to secure a prime commercial space in the thriving and historic part of Summerside. Contact us today to learn more or to schedule a viewing. (229766624)

Property Summary

Property Type
Other
Community Name
Summerside
Title
Freehold
Land Size
under 1/2 acre
Built in
1924
Parking Type
Parking Space(s), Paved Yard
Time on REALTOR.ca
80 days

Building

Interior Features
Flooring
Other
Building Features
Fire Protection
Smoke Detectors, Sprinkler System-Fire
Utilities
Water
Municipal water
Business
Business Type
Other (Other), Other (Offices)
Parking
Parking Type
Parking Space(s), Paved Yard

Measurements

Square Footage
6378 sqft
Total Finished Area
6378 sqft

Land

Lot Features
View
Ocean view
Other Property Information
Zoning Description
commercial
Data provided by: Prince Edward Island Real Estate Association Unit L100 - 3 Lower Malpeque Road, Charlottetown, Prince Edward Island C1E 1R4
Tina Mundy